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Founded Year

2016

Stage

IPO | IPO

Total Raised

$478.85M

Date of IPO

5/23/2024

Market Cap

325.97B

Stock Price

286.35

Revenue

$0000 

About Digit Insurance

Digit Insurance (NSE: GODIGIT) (BSE: 544179) provides general insurance services that focus on the insurance process across various sectors. The company offers a range of insurance products, including motor, health, travel, home, and life insurance. Digit Insurance primarily serves individual and commercial customers. Digit Insurance was formerly known as Oben General Insurance. It was founded in 2016 and is based in Bengaluru, India.

Headquarters Location

Atlantis, 95, 4th B Cross Road Koramangala Industrial Layout, 5th Block

Bengaluru, 560095,

India

+91-1800-258-5956

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Digit Insurance's Product Videos

ESPs containing Digit Insurance

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Insurance / P&C Insurance Tech

The digital pet insurance providers market consists primarily of insurtech producers (e.g., agents and brokers) that provide pet insurance. Some of these companies are managing general agents and granted delegated authority from carrier partners. The market also includes full-stack insurtechs that underwrite their own pet insurance policies. Digital pet insurance providers may also offer preventat…

Digit Insurance named as Highflier among 15 other companies, including Trupanion, Lemonade, and Pets Best Insurance.

Digit Insurance's Products & Differentiators

    Digit Health Care Plus

    A comprehensive health insurance plan with simple online processes, no age-based co-payment, no room rent restriction, the option to bump up sum insured, a large network of hospitals pan India for cashless claims. The product is designed to suit youngsters, families, old & wise, fitness enthusiasts, corporate hotshots, employees and finally, value seekers. Customers can choose from three options - Smart, Comfort and Comfort Pro based on what suits their needs best.

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Expert Collections containing Digit Insurance

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Digit Insurance is included in 5 Expert Collections, including Fintech 100.

F

Fintech 100

999 items

250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.

I

Insurtech

4,417 items

Companies and startups that use technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience

F

Fintech

13,559 items

Excludes US-based companies

I

Insurtech 50

50 items

Report: https://app.cbinsights.com/research/report/top-insurtech-startups-2022/

T

Tech IPO Pipeline

257 items

The tech companies we think could hit the public markets next, according to CB Insights data.

Latest Digit Insurance News

Go Digit General Insurance Share Price Jumps As Q3 Profit Nearly Triples

Jan 23, 2025

Citi hiked Go Digit's target price to Rs 460 from Rs 450 per share earlier. 23 Jan 2025, 11:31 AM IST 23 Jan 2025, 11:31 AM IST WhatsApp Save Go Digit General Insurance's share price rose 8.61% to Rs 311 apiece, the highest level since Jan 8. (Photo source: Go Digit General Insurance website) Shares of Go Digit General Insurance Ltd. rose over 8% on Thursday, after its net profit nearly tripled to Rs 118 crore in the quarter ended December. The insurer's total revenue in the third quarter rose over 7% to Rs 2,372 crore, in comparison to Rs 2,214 crore. Go Digit's gross written premium rose 10.2% to Rs 2,677 crore from the earlier Rs 2,428 crore. The combined ratio at the end of the quarter stood at 108.1% in comparison to 110.3%, indicating that the operational performance improved in the quarter. However, the premium retention ratio was slightly lower at 83.8% in the October-December quarter in comparison to 87.9% last year. The asset under management of the Fairfax-backed insurance company rose 20.1% to Rs 18,939 crore, compared to Rs 15,764 crore as of March 31, 2024. In addition, on Thursday, Citi hiked the insurance company's target price to Rs 460 from Rs 450 per share earlier. The brokerage maintained a 'buy' rating amid improvement in the underwriting to net earned premium ratio. The net incurred claims ratio could surprise with an upside in the fourth quarter, it said. ALSO READ

Digit Insurance Frequently Asked Questions (FAQ)

  • When was Digit Insurance founded?

    Digit Insurance was founded in 2016.

  • Where is Digit Insurance's headquarters?

    Digit Insurance's headquarters is located at Atlantis, 95, 4th B Cross Road, Bengaluru.

  • What is Digit Insurance's latest funding round?

    Digit Insurance's latest funding round is IPO.

  • How much did Digit Insurance raise?

    Digit Insurance raised a total of $478.85M.

  • Who are the investors of Digit Insurance?

    Investors of Digit Insurance include Axis Bank, HDFC Bank, Peak XV Partners, IIFL Finance, RS Filmcraft and 17 more.

  • Who are Digit Insurance's competitors?

    Competitors of Digit Insurance include NeueHealth, MobiKwik, BIMA, Alan, Next Insurance and 7 more.

  • What products does Digit Insurance offer?

    Digit Insurance's products include Digit Health Care Plus and 3 more.

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Compare Digit Insurance to Competitors

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NeueHealth operates within the medical sector, providing care through its owned and affiliated clinics. It offers arrangements and tools for independent providers and medical groups, focusing on performance and population health. The company serves health consumers, providers, and payors in the healthcare industry. NeueHealth was formerly known as Bright Health Group Inc. It was founded in 2015 and is based in Minneapolis, Minnesota.

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Snapsheet

Snapsheet specializes in insurance technology solutions. It enables a claim process starting with virtual estimations all the way to final repairs and payment by generating communication between consumers, shops, and carriers. The company offers a range of services, including appraisals, claims management, and payments, all aimed at managing the insurance claims process. It primarily serves the insurance industry. It was founded in 2011 and is based in Chicago, Illinois.

B
BIMA

BIMA provides mobile-delivered insurance and health services in the financial services sector. The company offers a range of life, accident, and health insurance products that are registered and paid for via mobile technology, ensuring a paperless experience. BIMA primarily serves underserved communities through partnerships with mobile operators and microfinance institutions. It was founded in 2010 and is based in Singapore.

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Alan

Alan focuses on providing health insurance services and preventive health solutions within the healthcare industry. The company offers health insurance plans, a healthcare system navigation tool through Alan Clinic, and mental well-being support with Alan Mind, designed to improve the health and productivity of individuals and corporate employees. Alan primarily serves diverse sectors, including tech startups, hospitality, the public sector, retail, and industrial businesses. It was founded in 2016 and is based in Paris, France.

B
Bimaplan

Bimaplan develops an insurance technology platform. The company creates over-the-counter (OTC), low-premium insurance products to cater to low- and middle-income people with annual premiums. It was founded in 2020 an dis based in Bangalore, India.

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Acko

Acko is a tech-driven company that specializes in insurance products across various sectors, such as auto, health, and life insurance. The company offers a range of insurance policies designed to provide financial protection and peace of mind, including vehicle coverage, health plans, life insurance, and travel protection. Acko's approach includes features like zero commission, instant policy renewal, and same-day claim settlements, catering to the digitally savvy consumer. It was founded in 2016 and is based in Bengaluru, India.

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